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Previous: CRAGAR INDUSTRIES INC /DE, 10QSB, 2000-11-14 |
Next: CRAGAR INDUSTRIES INC /DE, 10QSB, EX-27.1, 2000-11-14 |
<PAGE>
EXHIBIT 11
CRAGAR INDUSTRIES, INC.
Schedule of Computation of Earnings Per Share
EARNINGS PER SHARE
<TABLE>
<CAPTION>
Three Months Ended September 30, Nine Months Ended September 30,
-------------------------------- -------------------------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Income from continuing operations
Income before extraordinary items $ 11,008 $ 223,109 $ 1,533,972 $ 380,774
Less: Preferred Stock Dividends in Arrears (20,125) (39,375) (185,637) (118,125)
--------- --------- --------- ---------
Income available to Common Stockholders $ (9,117) $ 183,734 $ 1,348,335 $ 262,649
========= ========= ========= =========
Basic EPS - Weighted Average
Shares Outstanding 3,010,883 2,456,990 2,641,621 2,456,990
========= ========= ========= =========
Basic Earnings Per Share $ - $ 0.07 $ 0.51 $ 0.11
========= ========= ========= =========
Basic EPS - Weighted Average
Shares Outstanding 3,010,883 2,456,990 2,641,621 2,456,990
Effect of Diluted Securities:
Stock options and Warrants (1) - 1,970,374 1,506,481 1,970,374
Convertible Preferred Stock (1) - 755,833 336,227 755,833
--------- --------- --------- ---------
Diluted EPS - Weighted Average
Shares Outstanding 3,010,883 5,183,197 4,484,329 5,183,197
========= ========= ========= =========
Diluted Earmings Per Share $ - $ 0.04 $ 0.30 $ 0.05
========= ========= ========= =========
</TABLE>
(1) The Company's outstanding stock options, warrants, and convertible preferred
stock have antidilutive effect on loss per share for the three months ended
September 30, 2000. As a result, such amounts have been excluded from the
computations of diluted loss per share for those periods.
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